The Republic of Kenya: The 2025 Budget Policy Statement

Kenya’s 2025 Budget Policy Statement outlines a bold vision for economic recovery, equity, and transformation under the Bottom-Up Economic Transformation Agenda. With record allocations to education, health, and agriculture, it aims to tackle poverty, youth unemployment, and debt pressure. Yet gaps remain between policy promises and lived realities. Can fiscal discipline and inclusive development truly coexist in a landscape marked by inequality, climate shocks, and mounting debt obligations?

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The Costs of America’s New Trade Strategy

At the heart of this policy is a 10% baseline tariff on imports from 185 countries, amplified by exponential penalties on selected geopolitical and economic adversaries. Chinese goods now face a total of 104% in tariffs, a staggering figure that underscores the combative mood in Washington. The European Union, India, Canada, and Mexico have also been targeted with tariffs ranging from 15% to 26%, sparking widespread retaliation and diplomatic fallout.

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